PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) Reaches New 52-Week Low – Here’s What Happened

PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) reached a new 52-week low during trading on Thursday . The stock traded as low as $25.82 and last traded at $25.8340, with a volume of 154211 shares trading hands. The stock had previously closed at $25.95.

PIMCO Multi Sector Bond Active ETF Stock Down 0.4%

The company’s 50 day moving average price is $26.19 and its two-hundred day moving average price is $26.34.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC grew its position in shares of PIMCO Multi Sector Bond Active ETF by 12.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 12,401,335 shares of the company’s stock valued at $328,883,000 after acquiring an additional 1,406,458 shares during the period. Tidal Investments LLC grew its holdings in PIMCO Multi Sector Bond Active ETF by 15.7% during the second quarter. Tidal Investments LLC now owns 431,764 shares of the company’s stock valued at $11,450,000 after purchasing an additional 58,736 shares during the period. Gemmer Asset Management LLC grew its holdings in PIMCO Multi Sector Bond Active ETF by 1.7% during the second quarter. Gemmer Asset Management LLC now owns 957,658 shares of the company’s stock valued at $25,397,000 after purchasing an additional 15,969 shares during the period. Capital Analysts LLC increased its position in PIMCO Multi Sector Bond Active ETF by 57.1% in the second quarter. Capital Analysts LLC now owns 343,523 shares of the company’s stock worth $9,110,000 after buying an additional 124,804 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in shares of PIMCO Multi Sector Bond Active ETF by 14.3% in the second quarter. Integrated Wealth Concepts LLC now owns 1,697,605 shares of the company’s stock worth $45,020,000 after buying an additional 212,964 shares during the period.

PIMCO Multi Sector Bond Active ETF Company Profile

The PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively manages a multi-sector portfolio of fixed income instruments issued by various US and non-US public or private-sector entities. The fund has no maturity and credit rating limitations. PYLD was launched on Jun 21, 2023 and is managed by PIMCO.